River Global Investors LLP Invests $4.73 Million in Caterpillar Inc. (NYSE:CAT)

River Global Investors LLP acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,000 shares of the industrial products company's stock, valued at approximately $4,732,000. Caterpillar comprises 0.9% of River Global Investors LLP's holdings, making the stock its 24th largest position.

A number of other institutional investors have also recently modified their holdings of CAT. Brown Advisory Inc. grew its position in shares of Caterpillar by 6.0% during the 3rd quarter. Brown Advisory Inc. now owns 72,873 shares of the industrial products company's stock valued at $19,894,000 after acquiring an additional 4,154 shares during the period. Kowal Investment Group LLC boosted its holdings in Caterpillar by 1.9% in the 3rd quarter. Kowal Investment Group LLC now owns 4,089 shares of the industrial products company's stock worth $1,116,000 after buying an additional 77 shares during the last quarter. Means Investment CO. Inc. boosted its holdings in Caterpillar by 8.8% in the 3rd quarter. Means Investment CO. Inc. now owns 2,946 shares of the industrial products company's stock worth $804,000 after buying an additional 238 shares during the last quarter. Geneva Partners LLC boosted its holdings in Caterpillar by 106.7% in the 3rd quarter. Geneva Partners LLC now owns 20,276 shares of the industrial products company's stock worth $5,535,000 after buying an additional 10,465 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in Caterpillar by 4.9% in the 3rd quarter. Sage Mountain Advisors LLC now owns 1,593 shares of the industrial products company's stock worth $435,000 after buying an additional 74 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company's stock, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company's stock, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now owns 61,092 shares of the company's stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAT. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They issued a "buy" rating and a $390.00 price objective on the stock. Morgan Stanley began coverage on Caterpillar in a report on Monday, January 8th. They issued an "equal weight" rating and a $270.00 price objective on the stock. Stifel Nicolaus lowered shares of Caterpillar from a "buy" rating to a "hold" rating and raised their target price for the stock from $293.00 to $350.00 in a research note on Friday, April 26th. Evercore ISI lowered shares of Caterpillar from an "outperform" rating to an "in-line" rating and raised their target price for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their target price on shares of Caterpillar from $357.00 to $408.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $323.35.

Caterpillar Trading Up 0.4 %

NYSE CAT traded up $1.31 on Friday, reaching $336.75. The stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $351.89 and a two-hundred day moving average price of $303.33. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01. The firm has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion for the quarter, compared to analysts' expectations of $16.07 billion. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, April 19th. Caterpillar's dividend payout ratio (DPR) is 23.48%.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.